244 Pico Avenue
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244 Pico Avenue #3

B

San Marcos, CA 92069

$642,500
NEW — 1d

Beds

2

Baths

2.5

Sqft

1,163

Year Built

2026

Days on Market

1

Property Type

Townhouse

HOA/mo

$350

MLS ID

260014183SD

This property is in San Marcos (92069). View neighborhood stats →

About This Property

Introducing the most affordable opportunity at Pico Place Homes—a rare chance to own brand-new construction in the heart of San Marcos with quick move-in availability and significant builder incentives available for a limited time. With just 16 modern townhomes in the community, this is one of the final opportunities to secure a stylish new home before they are sold out. Designed for modern living without the burden of high HOA fees or Mello-Roos, these thoughtfully crafted 2-bedroom, 2.5-bath residences feature bright open-concept floor plans, soaring 9-foot ceilings, designer quartz countertops, and luxury vinyl plank flooring throughout. Every detail has been carefully selected to provide both comfort and lasting value. Homeownership is made even more attainable with included solar panels, energy-efficient features, and a builder warranty that offers added peace of mind and predictable monthly costs. Residents will also enjoy attached 2-car garages, oversized covered balconies ideal for indoor-outdoor living, and community amenities including a playground, BBQ area, and dog run. Conveniently located just minutes from the shops, restaurants, and entertainment of North City, as well as California State University San Marcos, Pico Place Homes offers the perfect combination of location, contemporary design, and affordability in one of North County’s fastest-growing communities. With homes completed and demand continuing to grow, this opportunity is not expected to last long.

Mortgage Calculator

Est. Monthly Payment

$4,429

Principal & Interest$3,249
Property Tax$643
Insurance$187
HOA$350
%($128,500)
%

Location

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Investment Score

34C
Est. Monthly Rent
$2,964
Monthly Cashflow

Rent − PITIA

$-1,464
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,681

Mortgage (P+I)
$3,249
Cap Rate
1.06%
Cash-on-Cash
-25.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.67
Break-even Rent
$6,446

NOI (Annual)
$6,808
Price-to-Rent

Lower = better for investors

18.1

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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